What is Automotive Dashboard Camera Market Scope?
These cameras are used in vehicles because high-quality images of road activities can be recorded. This footage can be used as evidence of insurance claims in the event of accidents in federal courts. This technology is gaining popularity among vehicle owners due to the additional legal protection in the event of accidents and road deaths. The increasing traffic accident rates lead to a worldwide demand for dash cameras. The growing awareness of vehicle and passenger safety systems among OEMs and consumers is fueling the growth of the industry. These systems support the analysis of the driving pattern of new drivers and support the improvement of driving skills. The high level of implementation of these components in all vehicle types for accident insurance claims is driving the automotive dashboard camera market further.
Influencing Trend:
The Increasing Implementation of Back up Cameras in Taxis, High Implementation of These Components in All Vehicle Types for Insurance Claims in Accident Cases, The Increasing Trend of Smart Automotive Dashboard Cameras and The Increasing Demand For Dual Channel Dash Cameras
Market Growth Drivers:
The Increasing Road Accident Rates, Rapid Growth of Automotive Sector, Integration of Various Safety Components into Vehicles Globally, Increasing Focus on Road & Vehicle Safety in Developing Countries, Increasing Implementation of These Devices in Autonomous Vehicles and The Growing Awareness for Vehicle & Passenger Safety Systems among OEMs and Consumers
Challenges:
Reliability & Privacy Issues
Restraints:
Laws Restricting the Use of Automotive Dashboard Cameras in Some Countries
Opportunities:
Rapid Technical Development in the Automotive Sector, High Demand for Dashboard Cameras in Emerging Countries Such As India and China and The Growing Demand For These Cameras Owing To Various Features Such As 360-Degree View, Park Mode Detection, Night Vision, 4G LTE Connectivity, Etc.
The Automotive Dashboard Camera market study is being classified by Type (Single-Channel, Dual-Channel and Rear-View), by Application and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from Asian will contribute to the maximum growth of Global Automotive Dashboard Camera market throughout the predicted period.
Garmin Ltd. (United States), Koninklijke Philips N.V. (Netherlands), Xiaomi (China), JVCKENWOOD Corporation (Japan), Hewlett-Packard Company (United States), DOD-Tech Co. Ltd. (China), ABEO Company Co. Ltd. (Taiwan), Panasonic Corporation (Japan), Aiptek Inc. (Taiwan), LG Corporation (South Korea), PAPAGO Inc. (Taiwan), Pittasoft Co. Ltd. (South Korea), Waylens Inc. (United States) and Harman International Industries Inc. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Valeo SA (France), Qrontech Co. Ltd. (South Korea) and Aptiv PLC (Ireland).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Automotive Dashboard Camera market by Type, Application and Region.
On the basis of geography, the market of Automotive Dashboard Camera has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In January 2019, Waylens Inc. announced the launch of a new product, a secure 360-degree camera for the automotive sector that enables a 360-degree view with 4G LTE connectivity from the vehicles.
In March 2020, Garmin Ltd. announced the launch of its first dual-camera dashcam. This lens, also known as the "cabin view camera" on the two Nextbase series dashcams, enables users to record what is going on in the car with its extremely wide 180-degree angle.
The U.S government passed a regulation to mandate the implementation of back-up cameras in all new vehicles in the country from May 2018.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of GaN powered Chargers, Suppliers and Distributors of GaN powered Chargers, Venture Capitalists and Private Equity Firms and End-Use Industry
Automotive Dashboard Camera Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Automotive Dashboard Camera Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Automotive Dashboard Camera industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.